The amount of money the Teachers Credit Union should be willing to loan a developer who will
Question:
The amount of money the Teachers Credit Union should be willing to loan a developer who will repay the loan in a lump sum amount of $840,000 two years from now at the bank’s interest rate of 10% per year is:
(a) $694,180
(b) $99,170
(c) $1,106,400
(d) $763,650
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
a P 840...View the full answer
Answered By
Anthony Ngatia
I have three academic degrees i.e bachelors degree in Education(English & Literature),bachelors degree in business administration(entrepreneurship option),and masters degree in business administration(strategic management) in addition to a diploma in business management.I have spent much of my life in the academia where I have taught at high school,middle level colleges level and at university level.I have been an active academic essays writer since 2011 where I have worked with some of the most reputable essay companies based in Europe and in the US.I have over the years perfected my academic writing skills as a result of tackling numerous different assignments.I do not plagiarize and I maintain competitive quality in all the assignments that I handle.I am driven by strong work ethics and a firm conviction that I should "Do Unto others as I would Like them to do to me".
4.80+
76+ Reviews
152+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The largest tax break for most Americans is the mortgage interest tax deduction, which allows home owners to deduct from their taxable income the amount of money they pay in interest to finance their...
-
The Fed uses open market operation to control the amount of money that is created by the banking system. 1. Explain how banks create money under a fractional reserve banking system. 2. Define the...
-
The information listed below refers to the employees of Lemonica Company for the year ended December 31, 2016. The wages are separated into the quarters in which they were paid to the individual...
-
James has $15,000 in his saving account now. (a) What is the amount he deposited one year ago in his saving account if the account has a rate of return of 10%? (b) Calculate the earned amount of...
-
The comparative segment revenues for Yum! Brands, a global quick-serve restaurant company, are as follows: a. Provide a horizontal analysis of the segment revenues using the prior year as the base...
-
What are the major causes of information risk? How can information risk be reduced?
-
Is there one best style of management? Discuss in terms of managerial functions, roles.
-
After the partnership has been operating for a year, the Capital accounts of Bob and Kim are $15,000 and $10,000, respectively. The firm has cash of $12,000 and office equipment of $13,000. The...
-
Explain if Ford, Harvey or Suzuki have breached their directors duty to exercise their powers with care, skill, and diligence and if so, what defences may be available.
-
The first case at the end of this chapter and each of the remaining chapters is a series of integrative cases involving Starbucks. The series of cases applies the concepts and analytical tools...
-
A manufacturer of prototyping equipment wants to have $3,000,000 available 10 years from now so that a new product line can be initiated. If the company plans to deposit money each year, starting 1...
-
The cost of updating an outdated production process is expected to be $81,000 four years from now. The equivalent present worth of the update at 6% per year interest is closest to: (a) $51,230 (b)...
-
Edgar Wall is considering the purchase of one of the two bonds described in the following table. Wall realizes his decision will depend primarily on effective duration, and he believes that interest...
-
4. A capacitor of 2.0 F is charged using a 1.5V battery. The charged capacitor is then discharged through a 60k2 resistor. What is the time constant of the discharged circuit? Calculate the time...
-
A desert tortoise moves at 0.134m/s How long will ti take the mortise to cross a 10m highway? The desert tories is still moving at 0.134 m/s. How far will the tortoise travel in 15s
-
8. A class of 10 students taking an exam has a power output per student of 200. W. Assume the initial temperature of the room is 20. C and that its dimensions are 6.0 m by 15 m by 3.0 m. What will...
-
2. A force, F, is measured to be 100 kN at a slope of %4 (rise/run) in the 1st quadrant. What are the Fx and the Fy component values of the force? 100 kN F 3 4 Fx = Fy =
-
Part B What are the charge states (glass, plastic, or neutral) of balls B, C, and D? Match the words in the left column to the appropriate blanks in the sentences on the right. have plastic or glass...
-
Juan and Maria, who have two young children, are in the process of obtaining a divorce. Juan expects to have $200,000 of income each year while Maria expects to have $60,000 of income each year....
-
What does non-recourse financing mean?
-
Using 1913 as the base year with a value of 100, the ENR construction cost index (CCI) for August 2009 was 8563.35. For August 2010, the CCI value was 8837.38. (a) What was the inflation rate for...
-
The ENR materials cost index (MCI) had a value of 2708.51 in August 2010. In the same month, the cost for cement was $96.55 per ton. If cement increased in price exactly in accordance with the MCI,...
-
A contractor purchased equipment costing $40,000 in 2010 when the M&S equipment cost index was at 1461.3. He remembers purchasing the same equipment for $21,771 many years ago, but he does not...
-
Heated Tools Ltd. uses activity-based costing. It has identified three cost pools and their drivers as follows: Purchasing Quality Control Dispatch Purchase Orders Stores issues Deliveries Cost pool...
-
How does the nucleus serve as the command center of eukaryotic cells, orchestrating essential cellular processes such as gene expression, DNA replication, and chromatin organization through intricate...
-
The following are the projected cash flows to equity and to the firm over the next five years: Year CF to Equity Int (1-t) CF to Firm 1 $250.00 $90.00 $340.00 2 $262.50 $94.50 $357.00 3 $275.63...
Study smarter with the SolutionInn App